Federal prosecutors in Alexandria have opened a criminal investigation into alleged irregularities at mortgage giant Freddie Mac, two government officials with knowledge of the matter said yesterday.
Hope this doesn't affect the recovery I keep reading is about to happen. Reuters:
The housing market has been underpinning the economy. Very low rates have supported an unprecedented housing boom and a flood of refinancings, which have enabled consumers to cut their debt burden and free up cash for spending.
Hmm ....